Silverline Technologies Ltd. — Interim / Quarterly Report 2020

Oct 28, 2020

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CIN :L99999MH1992PLC066360

Date: October 20, 2020

To, Bombay Stock Exchange Limited , 1[st ] Floor, P.J. Towers, Dalal Street, Mumbai – 400001.

Scrip Code:500389

Subject: Half yearly Unaudited Financial Results for the quarter Ended September 30, 2019.

Reference: Half yearly Unaudited Financial Results for the quarter Ended September 30, 2019under Regulation 33 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 .

Dear Sir/Madam,

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Half yearly Unaudited Financial Results of Silverline Technologies Limited ( Scrip code: 500389) for quarter ended September 30, 2019.

Details of documents attached with Covering Letter are as follows:

1. Un-Audited Financial Results for the quarter and Half yearly ended on September 30, 2019.

2. Un-Audited Half yearly Balance Sheet of the Company for quarter ended September 30, 2019.

3. Un- Audited Cash Flow Statement for quarter ended September 30, 2019.

4. Limited Review Report of Auditors of the Company for quarter and Half yearly ended on September 30, 2019

Please take the same on your records.

Thanking you,

Yours faithfully, For Silverline Technologies Limited

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______ Ravi Subramanian Director Din: 02151804 Add: Unit 121, SDF IV, Seepz, Andheri (East), Mumbai – 400096

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Regd. Office : Silverline Technologies Ltd., Unit-121, SDF IV, Seepz, Andheri (E), Mumbai-400 096. INDIA. Tel.: (+91 022) 2829 1950, 2829 0322 • Fax : (+91 022) 2829 1206 • www.silverline.com

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Silverline Technolo ies Limited g

Silverline Technologies Limited	Silverline Technologies Limited	Silverline Technologies Limited	Silverline Technologies Limited	Silverline Technologies Limited	Silverline Technologies Limited	Silverline Technologies Limited	Silverline Technologies Limited
CIN - L99999MH1992PLC063066
Reg Office - SDF IV SEEPZ Andheri East Mumbai - 400 096
UN-AUDI T ED FINANCI AL		RESULTS STANDA LON E FOR THE QUART ER AND HALF YEAR ENDED 30th SEPTEM B ER, 2019
		Rs. In Millions
Sr. No.	Particulars	Quarter	Previous Quarter	Corresponding Quarter	Year to date	Year to Date	Year Ended
		Ended	Ended	Ended	(Current Year)	(Previous Year)
		Un-audited	Un-audited	Un-audited	Un-audited	Un-audited	Audited
		30-Sep-19	30-Jun-19	30-Sep-18	30-Sep-19	30-Sep-18	31/03/2019
1	Income From Operation	8.63	7.52	4.29	16.15	6.86	23.23
2	Other Income
3	Total Income (1+2)	8.63	7.52	4.29	16.15	6.86	23.23
4	Expenditure
a.	Cost of Raw Material Consumed	-	-	-	-	-	-
b.	Purchase of stock in trade	-	-	-	-	-	-
c.	Change in inventory of finished goods/ stock-in trade and work in process	-	-	-	-	-	-
d.	Employee benefit expenses	-	-	-	-	-	-
e.	Finance cost	-	-	-	-	-	-
f.	Depreciation and Amortisation	-	-	-	-	-	-
g.	Other Expenses	7.29	6.48	3.75	13.77	5.21	22.66
	Total Expenditur e[a+b+c+d+e+f +g]	7.29	6.48	3.75	13.77	5.21	22.66
5	(loss)/Profit Before Exceptional Item	1.34	1.04	0.54	2.38	1.65	0.57
6	Exceptional Item	-	-	-	-	-
7	Profit/(loss) after exceptional Item(5- 6)	1.34	1.04	0.54	2.38	1.65	0.57
8	Tax Expenses	0.31	0.24	0.15	0.55	0.33	0.12
9	Profit (Loss) for the period from continuing operations (7-8)	1.03	0.80	0.39	1.83	1.32	0.45
10	Profit/(loss) from discontinued operations	-	-	-	-	-	-

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Regd. Office : Silverline Technologies Ltd., Unit-121, SDF IV, Seepz, Andheri (E), Mumbai-400 096. INDIA. Tel.: (+91 022) 2829 1950, 2829 0322 • Fax : (+91 022) 2829 1206 • www.silverline.com

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11	Tax expenses of discontinued operations	-	-	-	-	-	-
12	Profit/(loss) from Discontinued operations(after tax) (10-11)	-	-	-	-	-	-
13	Profit/(loss) for theperiod (IX+XII)	1.03	0.80	0.39	1.83	1.32	0.45
14	Other Comprehnsive Income
	a)i) Income that will not be classified toprofit or loss	-	-	-	-	-	-
	ii) Income tax relating to income not to be classifed toprofit or loss	-	-	-	-	-	-
	b)i) Item that will be reclassied in profit or loss	-	-	-	-	-	-
	ii) Income tax relating to items that will be reclassied toprofit or loss	-	-	-	-	-	-
	Total Comprehens iv e Income for the period (13+14)Comprising Profit (Loss) and Other comprehen siv e Income for theperiod )	-	-	-	-	-	-
15	Paid-upEquityShare Capital(Rs.10)	599.85	599.85	599.85	599.85	599.85	599.85
16	EarningPer Shares(EPS)Rs.
	Before ExtraordinaryItem
	a) Basic	0.01	0.01	0.01	0.03	0.02	0.01
	b) Diluted	0.01	0.01	0.01	0.03	0.02	0.01
	After ExtraordinaryItem
	a) Basic	0.01	0.01	0.01	0.03	0.02	0.01
	b) Diluted	0.01	0.01	0.01	0.03	0.02	0.01
1. The above Financial result were reviewed by Audit Committee and were thereafter approved by Board of Directors in their meeting held on 05thAugust 2020 2. Figures for the previous financial period has been re-arranged and re-grouped wherever necessary 3. Statement of Assets and Liabilities for the six month ended 30th September 2019 are also enclosed with this financial result
	Fro Silverlin e Technologies Limited
	Ravi Subramanian (Din No.02151804)
	Director
	Date"05/08/20 20

Fro Silverlin e Technologies Limited Ravi Subramanian (Din No.02151804) Director Date"05/08/20 20

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Regd. Office : Silverline Technologies Ltd., Unit-121, SDF IV, Seepz, Andheri (E), Mumbai-400 096. INDIA. Tel.: (+91 022) 2829 1950, 2829 0322 • Fax : (+91 022) 2829 1206 • www.silverline.com

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Silverline Technologies Limited	Silverline Technologies Limited	Silverline Technologies Limited	Silverline Technologies Limited
CIN - L99999MH1992PLC066360
Reg Office - SD FIV SEEPZ Andheri East Mumbai - 400 096
UN-AUDITED BALANCE SHEET FOR THE SIX MONTH ENDED ON 30th SEPTEMBER 2019
			Rs. In Millions
Sr. No.	Particulars	Half	Previous
		Year	Year
		ended	ended
		30-Sep-19	31-Mar-19
		Un-audited	Audited
	ASSETS
1	Non-current Assets
	a.Property, Plant and Equipment	1.93	1.93
	b. Capital work-in-progress	0	0
	c.lnvestment Property	0	0
	d. Goodwill	0	0
	e. Other Intangible assets	0	0
	f. Intangible assets under development	0	0
	g. Biological Assets other than bearerplants	0	0
	h. Financial Assets
	i. Investments
	ii. Trade Receivable
	iii. Loans	31.86	31.86
	i. Deferred tax assets(net)
	j. Other non-current assets	6.3	6.3
2	Current assets
	a. Inventories	0	0
	b. Financial Assets
	i. Investments	0	0
	ii. Trade Receivables	37.5	31.87
	iii. Cash and Cash Equivalent	0.06	0.09
	iv. Bank balances other than(iii)above	0	0
	v. Loans	0	0
	vi. Others(to be specified)	0	0
	c. Current Tax Assets(Net)	0	0
	d. Other cufrent assets	0	0
	Total Assets	77.65	72.05

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Regd. Office : Silverline Technologies Ltd., Unit-121, SDF IV, Seepz, Andheri (E), Mumbai-400 096. INDIA. Tel.: (+91 022) 2829 1950, 2829 0322 • Fax : (+91 022) 2829 1206 • www.silverline.com

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	EQUITY AND LIABILITIES
1	Equity
	a. EquityShare capital	599.85	599.85
	b. Other Equity	-574.11	-576.34
2	Liabilities
	Non-current liabilities
	a. Financial Liabilities	0	0
	i. Borrowings	0	0
	ii. Trade Payables	0	0
	A. total outstanding dues of micro enterprises and small enterprises; and	0	0
	B. total outstanding dues of creditors other than micro enterprises and small enterprises	0	0
	Other financial liabilities (other than those specified in item (b), to be specified)	0	0
	b. Provisions	0	0
	c. Deferred tax liabilities(Net)	0.02	0.02
	d. Other non-current liabilities
	Current Liabilites
	a. Financial Liabilities
	i. Borrowings
	ii. Trade Payables
	A. total outstanding dues of micro enterprises and small enterprises; and
	B. total outstanding dues of creditors other than micro enterprises and small enterprises
	b. Other Current Liabilities	30.19	27.41
	c. Provisions	21.7	21.11
	d. Current Tax Liabilities(Net)
	Total Equity and Liabilities	77.65	72.05
	Fro Silverline Technologies Limited Ravi Subramanian (Din No.02151804) Director 5thAugust, 2020 Mumbai

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Regd. Office : Silverline Technologies Ltd., Unit-121, SDF IV, Seepz, Andheri (E), Mumbai-400 096. INDIA. Tel.: (+91 022) 2829 1950, 2829 0322 • Fax : (+91 022) 2829 1206 • www.silverline.com

Silverline Technologies Limited

Standalone Statement of Cash Flows for the year ended 30[th] September 2019

Rupees

	Year ended	Year ended
Particulars	30th September	31 March
	2019	2019
Cash flows from operating activitiesProfit before tax for the year Adjustments for: continuous operation Income tax expense recognised in profit or loss Finance costs recognised in profit or loss Investment income recognised in profit or loss Gain on disposal of property plant and equipment Gain on disposal of a subsidiary Gain on disposal of interest in former associate Net (gain)/loss recorded in profit or loss on financial liabilities designated as at fair value through profit or loss Net (gain)/loss arising on financial assets mandatorily measured at fair value through profit or loss Net loss/(gain) arising held for trading financial liabilities Hedge ineffectiveness on cash flow hedges Net (gain)/loss on disposal of available-for-sale financial assets Impairment loss recognised on trade receivables Reversal of impairment loss on trade receivables Depreciation and amortisation of non-current assets Impairment of non-current assets Net foreign echange (gain)/loss Expense recognised in respect of equity-settled share-based payments Expense recognised in respect of shares issued in exchange for goods/services Amortization of financialguarantee contracts	24,20,260 - - - - - - - - - - -	5,67,415 - - - - - - - - - - -
Sub Total	24,20,260	5,67,415
Increase in Trade Receivables Increase/Decrease in Trade Payables Increase/Decrease in other current Liabilities Increase/Decrease in Provisions Increase/(decrease) in provisions (Decrease)/increase in deferred revenue (Decrease)/increase in other liabilities Cash generated from operations Income taxes paid	(56,28,910) 21,72,787 - - -	(66,86,460) 36,72,000 15,000 - -
Net cash generated by operating activities	(10,35,863)	(24,32,045)

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	Year ended	Year ended
Particulars	30th September	31 March
	2019	2019
Cash flows from investing activities Payments to acquire financial assets Proceeds on sale of financial assets Interest received Royalties and other investment income received Dividends received from associates Other dividends received Amounts advanced to related parties Repayments by related parties Payments for property plant and equipment Proceeds from disposal of property plant and equipment Payments for investment property Proceeds from disposal of investment property Payments for intangible assets Net cash outflow on acquisition of subsidiaries Net cash inflow on disposal of subsidiary Net cash inflow on disposal of associate	- - - - - - - - - - - - - - -	- - - - - - - 13,25,000 - - - - - - -
	-	13,25,000
Net cash (used in)/generated by investing activities	-	-
Cash flows from financing activities Proceeds from issue of equity instruments of the Company Proceeds from issue of convertible notes Payment for share issue costs Payment for buy-back of shares Payment for share buy-back costs Proceeds from issue of redeemable preference shares Proceeds from issue of perpetual notes Payment for debt issue costs Proceeds from borrowings Repayment of borrowings Borrowings (NET)	- - - - -	- - - - -
	10,05,248	10,67,453

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	Year ended	Year ended
Particulars	30th September	31 March
	2019	2019
Proceeds from government loans Proceeds on disposal of partial interest in a subsidiary that does not involve loss of control Dividends paid on redeemable cumulative preference shares Dividends paid to owners of the Company Interest paid	- - - - -	- - - - -
Net cash used in financing activities	-	13,25,000
Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Effects of exchange rate changes on the balance of cash held in foreign currencies	(30,615) 91,135	(40,592) 1,31,727
Cash and cash equivalents at the end of the half year	60,520	91,135
Reconciliation of cash and cash equivalents as per the cash flow
Statement
Cash and cash equivalents (Note) Bank overdraft (Note)
Balance asper statement of cash flows	(30,615)	(40,592)

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~~th~~ Mumbai – ~~30 September, 2019[5th August,2019 ]~~ UDIN-2004361AAAADI1708